On November 5, 2013 we announced our intention to acquire GXS Group, Inc (GXS). Today, I am pleased to report the acquisition has closed and to welcome GXS employees to OpenText. Together, we will work to advance our global leadership in Enterprise Information Management.
This acquisition expands and strengthens our business in significant ways:
1. GXS expands our Information Exchange portfolio and strengthens our EIM leadership position
With the acquisition of GXS, we’re expanding our Information Exchange portfolio with the addition of B2B integration and managed services. The GXS Trading Grid is a cloud-based platform for the secure, reliable, and automated exchange of supply chain and other commerce transactions across complex global networks of customers,
partners, and employees.
This acquisition makes OpenText a market leader in both B2B integration services and cloud-based fax services. On a macro level, it strengthens our overall EIM market leadership position by extending information management capabilities beyond a single enterprise, giving our customers the ability to manage critical information as it flows within the enterprise and externally, across their entire supply chain.
2. GXS delivers a global managed services infrastructure
GXS is a leading provider of B2B integration and managed services – offering outsourcing services that include all of the hardware, software, staff and resources required to manage an entire B2B platform.
Combined with our existing OpenText managed services (from EasyLink and others), this acquisition strengthens all our EIM offerings with a global cloud-based infrastructure and an infusion of managed services expertise to scale our business and tackle the toughest of customer demands.
3. GXS expands our customer base and market reach
GXS is a healthy, profitable business that expands our cloud services business and is key to our intelligent growth. GXS currently delivers B2B integration solutions to approximately two-thirds of the world’s Fortune 500 companies. The acquisition of GXS will put OpenText inside the core of these customers and allow us to introduce GXS customers to other OpenText services and licensed products.
In addition, this acquisition also expands our line-up of target buyers to include supply chain and procurement professionals, giving us new entry points and reinforcing our presence in key strategic verticals such as financial services, manufacturing, CPG and retail, as well as in key geographies including the US, Latin America, Asia,
Today, we are growing as a company. We are expanding and enriching our business in critical ways. This acquisition demonstrates our commitment to innovation, to quality, and to a comprehensive vision of Enterprise Information Management. While a press release was issued today, I will communicate with the markets in greater detail on January 23rd as part of our FY14Q2 earnings announcement.
Please join me in welcoming GXS employees, partners, and customers to the OpenText family.